Walmart and Government of Maharashtra, in the presence of Chief Minister Devendra Fadnavis, have signed a memorandum of understanding (MoU) for 15 modern wholesale cash and carry stores in the state. This wholesale cash and carry stores by Walmart will in bring investment of up to Rs 900 crore an…
Tag: Walmart
Indian entrepreneurs’ focus on short-term gains turns them into laggards
Only 26,164 patents were granted in India between 2010 and 2014, compared to a staggering 1,275,787 patents in the US, according to the World Intellectual Property Organisation (WIPO). In 2012, 15.5% start-ups in the Silicon Valley had an Indian founder and this number is growing. This highlights…
BigBasket mulling to invest up to Rs 90 crore for recruiting more farmers to its network
BigBasket plans to invest up to Rs 90 crore to recruit hundreds more farmers to its network, beefing up its supply chain ahead of a potential entry of deep-pocketed global corporations including Walmart and Amazon into India’s online grocery market. The investment, which follows a $150 mill…
Government allows 100% FDI for online grocery startups
In a boost to retailers and grocery startups such as Bigbasket and Grofers, the government on June 20 allowed 100% FDI in food retail, including through e-commerce, provided such items are produced, processed or manufactured in the country. This will allow multi-brand retail giants such as Walmar…
Enactus to partner corporates in India for Student Community Entrepreneurial Projects
Global student organization, enactus targets over 50 corporate partners in 2016 in India for student community entrepreneurial projects. Enactus an international non-profit organization of students with a focus on community empowerment through outreach projects and entrepreneurial action has anno…
Walmart Labs seek Indian tech to drive its e-commerce
Global retail giant Walmart is looking to engage more with Indian startups as it seeks access to innovative technologies for its e-commerce and supply chain operations through collaborative partnerships or even acquiring them. The global retailer operates around 11,000 stores and has 240 million …
Start ups offering competitive packages for placement at IIIT-H
The ongoing placement process at the International Institute of Information Technology, Hyderabad (IIIT-H), is marked by the increased presence of start-ups, which are willing to offer competitive packages as compared to big recruiters. This comes on the heels of a growing interest in campus plac…